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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #82,321
  • May 19, 2008 9:04pm May 19, 2008 9:04pm
Quoting OrionsWay
We really shouldnt go below 202.30 pink ascending but the main players are
these 2 angles are of great concern for overall direction, 201.35 and then 200.30-50 area are destroyed with any real gas pedal the results will be certain. HAHAA just for you Godfrey.
  • #82,322
  • May 19, 2008 9:04pm May 19, 2008 9:04pm
Quoting damonl
You and me both, but no real loss as I am still just playing with TL's. Man did that happen fast.

It is now banging it's head on resistence so we shall see if it can break it. It has held for quite a long while with some pretty strong up moves.
Definatly not a bad loss, I have a little bit to go and I always risk 2% so not a huge chunk. Just one of those times where I have hit +30 pips probably 20 times in the last 30 hours and I should have just taken it.

We will see what happens, but my SL at -50 pips can see the whites of the sell line's eyes.
Que
  • #82,323
  • May 19, 2008 9:05pm May 19, 2008 9:05pm
Hmm.. Price bellow DPP, 4H gann, QQE crosed and confirmed, 100sma [1H], just crossed and conformed 1h Gann.. sound 4/1 to me.. any others??

BTW ... Sushi Time [next 2h or so]
  • #82,324
  • May 19, 2008 9:07pm May 19, 2008 9:07pm
Quoting GodfreyH

Was that explained clear enough Sir Godfrey. because i dont want to come off like some of them big words you mentioned earlier.
"Millionaires don't use astrology, billionaires do"
  • #82,325
  • May 19, 2008 9:10pm May 19, 2008 9:10pm
Quoting Srikanth
that lot size indicates hw confident i'm with my trade ..lol
From a MM stand point, all I saw was 1% risk = $200,000 account and 2% risk = $100,000 account on a Mini in which no broker would let you have that large of a mini account.

Sooooo.

Standard. 1% risk = $2,000,000 account and 2% risk = $1,000,000 account.


Just struck me as odd to see it posted that way on FF. Then again, you may be out of your mind and be risking 20%, or its a paper account. Either way, really none of my business. Just do not see trade calls with that lot size and that SL here on FF.
Que
  • #82,326
  • May 19, 2008 9:15pm May 19, 2008 9:15pm
Quoting Que
From a MM stand point, all I saw was 1% risk = $200,000 account and 2% risk = $100,000 account on a Mini in which no broker would let you have that large of a mini account.

Sooooo.

Standard. 1% risk = $2,000,000 account and 2% risk = $1,000,000 account.


Just struck me as odd to see it posted that way on FF. Then again, you may be out of your mind and be risking 20%, or its a paper account. Either way, really none of my business. Just do not see trade calls with that lot size and that SL here on FF.
PandoraBox had 50 lots traded last night :-)
Not sure if it's a micro, mini, or standard lot .. j/k
  • #82,327
  • May 19, 2008 9:24pm May 19, 2008 9:24pm
Quoting Que
From a MM stand point, all I saw was 1% risk = $200,000 account and 2% risk = $100,000 account on a Mini in which no broker would let you have that large of a mini account.

Sooooo.

Standard. 1% risk = $2,000,000 account and 2% risk = $1,000,000 account.


Just struck me as odd to see it posted that way on FF. Then again, you may be out of your mind and be risking 20%, or its a paper account. Either way, really none of my business. Just do not see trade calls with that lot size and that SL here on FF.
If i keep my SL @ certain point doesn't mean that i'll let losing trade to close at SL..
  • #82,328
  • May 19, 2008 9:36pm May 19, 2008 9:36pm
Quoting mktjong
All,

Try to fill in something in quiet hours

This is a very good instruction video of how to trade divergence. Enjoy, hope we all learn a lot from it.

Link to video on divergence: http://www.researchdig.com/div3rev/Div3Rev.swf
MK,

Thanks a lot bro. very valuable info and a very good instruction indeed.
  • #82,329
  • May 19, 2008 9:45pm May 19, 2008 9:45pm
Quoting damonl
Can you show me why you are thinking that?
He might be thinking ' hey i want to wipe my account out"

Seriously if it were not for 127 oil the dj-30 would be up at 13500 and gj would already be back at 213.
Blogging daily now at www.volume.zone
  • #82,330
  • May 19, 2008 9:49pm May 19, 2008 9:49pm
Quoting Que
Wow,

In 15 Minutes I just watched my AU trade go from +30 pips to -30 pips. Not looking good for this trade.
Trying to fade the trend is hard to do on a swing trade
1) GOLD keeps going up up
2) All metals up today based on Chinese demand
3) AUD is one of the best carry trades out there right now.

I went long 0.9370 and enjoying the ride.
Blogging daily now at www.volume.zone
  • #82,331
  • May 19, 2008 9:53pm May 19, 2008 9:53pm
I went out for a couple of hours but placed a short before I left at 203.51 with a tight stop of 203.66. Got back a few minutes ago to see the price had dropped only to find that my broker stopped me out at 203.65 and my metatrader doesn't even show it reaching this price. I guess at this time of day when there is low volume, I should have known better. I didn't want to risk much having already made my small target for the day. Still ticks me off that MB trading knocked me out and not the market.
  • #82,332
  • May 19, 2008 9:57pm May 19, 2008 9:57pm
Quoting Dmac
I went out for a couple of hours but placed a short before I left at 203.51 with a tight stop of 203.66. Got back a few minutes ago to see the price had dropped only to find that my broker stopped me out at 203.65 and my metatrader doesn't even show it reaching this price. I guess at this time of day when there is low volume, I should have known better. I didn't want to risk much having already made my small target for the day. Still ticks me off that MB trading knocked me out and not the market.
lol .. did u include the spread? 203.65 plus spread is very well above 203.66 :-)
  • #82,333
  • May 19, 2008 9:58pm May 19, 2008 9:58pm
Quoting Dmac
I went out for a couple of hours but placed a short before I left at 203.51 with a tight stop of 203.66. Got back a few minutes ago to see the price had dropped only to find that my broker stopped me out at 203.65 and my metatrader doesn't even show it reaching this price. I guess at this time of day when there is low volume, I should have known better. I didn't want to risk much having already made my small target for the day. Still ticks me off that MB trading knocked me out and not the market.

That's not a typo. They closed me out at 203.65 and not 203.66.
  • #82,334
  • May 19, 2008 10:01pm May 19, 2008 10:01pm
Quoting mktjong
lol .. did u include the spread? 203.65 plus spread is very well above 203.66 :-)

If my order is to buy at 203.66 then why did they buy at 203.65
  • #82,335
  • May 19, 2008 10:03pm May 19, 2008 10:03pm
Quoting Dmac
I went out for a couple of hours but placed a short before I left at 203.51 with a tight stop of 203.66. Got back a few minutes ago to see the price had dropped only to find that my broker stopped me out at 203.65 and my metatrader doesn't even show it reaching this price. I guess at this time of day when there is low volume, I should have known better. I didn't want to risk much having already made my small target for the day. Still ticks me off that MB trading knocked me out and not the market.
Dmac.

Why place another trade at all if you have reached your target for the day ? You have to ask yourself that.

What you wrote says it all .

Over trading can kill an account

Hope things are going better for you now.
Blogging daily now at www.volume.zone
  • #82,336
  • May 19, 2008 10:05pm May 19, 2008 10:05pm
Quoting Dmac
That's not a typo. They closed me out at 203.65 and not 203.66.
I am sure your gj spread is more than 1............ so if you set sl at 203.66 and bid price went to .65 add your spread and you that calculates to well over .66

bless
Patience + Discipline - Greed = Success
  • #82,337
  • May 19, 2008 10:05pm May 19, 2008 10:05pm
Quoting Dmac
If my order is to buy at 203.66 then why did they buy at 203.65
Yeah .. it's strange. But in the last 4 hours, my platform traded high @203.63 plus spread 8 pips equates to 203.71 ask price.
  • #82,338
  • May 19, 2008 10:10pm May 19, 2008 10:10pm
Quoting Infinity
I am sure your gj spread is more than 1............ so if you set sl at 203.66 and bid price went to .65 add your spread and you that calculates to well over .66

bless
My platform shows a buy and a sell price. The spread is irellevant. My close would be on the buy price since I was in a short position. If the price went higher,fine. They closed me out at a lower price.
  • #82,339
  • May 19, 2008 10:13pm May 19, 2008 10:13pm
Quoting mktjong
Yeah .. it's strange. But in the last 4 hours, my platform traded high @203.63 plus spread 8 pips equates to 203.71 ask price.
mbtrading is a broker by comision and the stop is diferent than a stop loss on a deal desk if he place a buy order at 203.66 it shuld not triger at 65 as he says if the price never got to 66
The Chonchy
  • #82,340
  • May 19, 2008 10:16pm May 19, 2008 10:16pm
Quoting chonchy
mbtrading is a broker by comision and the stop is diferent than a stop loss on a deal desk if he place a buy order at 203.66 it shuld not triger at 65 as he says if the price never got to 66
Also mbtrading don't have any sharts that I know of so how can we prove the price never got there?
The Chonchy
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